The Economic Policy Guidelines Of The Future Of Rwanda Essay

In regards to the future of Rwanda, the next 20 years will allow a country which has made unprecedented growth since one of the largest humanitarian crisis in modern history, to move beyond poverty and civil war to a globally competitive export based industry. The nature of the reforms that have been established in the last 20 years have made for economic growth and political consolidation of crucial social mandates. These include the restructuring of Rwandan provinces that are more reflective of zoning types, than by ethnic lines, the strengthening of the Central government and constitutional reforms reflecting social progression, and the strengthening of the judiciary system. The economic policy guidelines of the current Rwandan government and Kigali’s local government attempt to shift economic exports away from agricultural products that are cheap and require large labor pools to a more industrialized export economy that can transport capital goods to the global market. Kigali and Rwanda have heavily invested in economic growth policies over the past two decades. This, paired with the business friendly nature of the government and the return of internally (or externally, regionally) displaced persons as a source of labor, has lead to a greater economic output than was seen even before the genocide. However, these policy guidelines, outlining free-trade and industrialization may be reliant on factors that are not sustainable or feasible in the long term.Show MoreRelatedThe On Foreign Aid Through Expansion Of The Local Economy Essay1908 Words   |  8 Pageshelp with the major infrastructure projects required for a developed or a middle-income state. The previous section discussed how Rwanda attempts to attract investments through practicing business friendly policies, but it did not include how Rwandan officials are attempting to bring regional and global business investors physically to Rwanda. 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